Dimensional Fund Advisors LP lowered its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 706,799 shares of the financial services provider’s stock after selling 15,355 shares during the period. Dimensional Fund Advisors LP owned 1.55% of Jones Lang LaSalle worth $117,317,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in Jones Lang LaSalle by 233.6% during the second quarter. American Century Companies Inc. now owns 280,550 shares of the financial services provider’s stock worth $46,568,000 after buying an additional 196,456 shares in the last quarter. Janus Henderson Group PLC grew its position in Jones Lang LaSalle by 28.3% during the second quarter. Janus Henderson Group PLC now owns 880,093 shares of the financial services provider’s stock worth $146,087,000 after buying an additional 194,296 shares in the last quarter. Wells Fargo & Company MN grew its position in Jones Lang LaSalle by 153.8% during the second quarter. Wells Fargo & Company MN now owns 267,364 shares of the financial services provider’s stock worth $44,380,000 after buying an additional 162,016 shares in the last quarter. BlackRock Inc. grew its position in Jones Lang LaSalle by 3.0% during the second quarter. BlackRock Inc. now owns 4,929,817 shares of the financial services provider’s stock worth $818,299,000 after buying an additional 143,843 shares in the last quarter. Finally, First Quadrant L P CA grew its position in Jones Lang LaSalle by 147,894.7% during the second quarter. First Quadrant L P CA now owns 112,476 shares of the financial services provider’s stock worth $18,670,000 after buying an additional 112,400 shares in the last quarter. Institutional investors own 93.55% of the company’s stock.
JLL has been the topic of a number of analyst reports. ValuEngine downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $179.17.
In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $154.94, for a total value of $30,988.00. Following the sale, the chief executive officer now owns 1,341 shares of the company’s stock, valued at approximately $207,774.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.
Shares of NYSE:JLL opened at $148.84 on Friday. The company has a market cap of $6.95 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.35 and a beta of 1.62. Jones Lang LaSalle Inc has a 1 year low of $118.73 and a 1 year high of $178.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.05. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $2.02 billion. Jones Lang LaSalle had a return on equity of 13.84% and a net margin of 2.62%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.17 earnings per share. analysts anticipate that Jones Lang LaSalle Inc will post 10.26 EPS for the current fiscal year.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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